OT: Mortgage Refinancing

eliminate2006

Freshman
Sep 17, 2013
90
54
0
I paid 0.75 of a point to get a 20 year down to 2.5%, closing tomorrow. Not much pricing difference between 20 and 30 years, but for me I shorten the term from about 25 with a very small change in payment.
 

RU05

All-American
Jun 25, 2015
14,829
9,232
113
Didn't want to as I refinanced about 4 years ago and I swore that would be my last one.

But as I'm currently at 4.125% I feel like I have to.